Bullion Market Report As On Nov 19 2014

Reading Time: < 1 minute

December gold closed higher on Tuesday and above the 20-day moving average crossing at 1188.10 would confirm that a short-term low has been posted. The mid-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. The technical indicators point out that neutral to bullish signaling that sideways to higher prices are possible near-term. First resistance is at 1204. Second resistance is at 1215. First support is at 1185. Second support is at 1175.
December silver closed slightly higher on Tuesday. The mid-range close set the stage for a steady to higher opening when Wednesday’s night session begins trading. Overall the technical indicators point out that neutral to bullish signaling that sideways to higher prices are possible near-term. First resistance is at 16.45 second resistance is at 16.60. First support is at 16.00. Second support is at 15.85.
Source: RSBL

Share on

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu